Initiating a dropshipping store and business is an excellent first step to enter entrepreneurship. It’ll enable you to sell your products to your customer, market your own brand, and determine and set your own product prices. You don’t have to pay for the inventory in a dropshipping business until it has been sold to an actual customer.
So, if you can put in the work and effort, you are already on the road to building a successful brand.
And, if you are still hanging on the loose about commencing your own online business, maybe you’ll be relieved to know that the e-commerce sales amounted to 4.28 trillion US dollars across the world in 2020!
Starting your own online dropshipping business is an increasingly profitable option at this time. If you are interested in knowing why you should start Dropshipping, this is the ultimate guide for you. Let’s talk about what dropshipping is, why dropshipping is still not dead and ever-profitable, and the many benefits of starting a dropshipping store in 2021.
What Is Dropshipping?
Dropshipping is a specific technique of order fulfillment in which online merchants don’t ship or store any products of their own. Instead, the merchants come to an agreement with third-party dropshipping suppliers: manufacturers and wholesalers, who agree to pack, pick and ship the items on the merchants’ behalf.
Once the merchants receive new orders on their official website, they’ll simply notify the supplier in charge, and it will be directly dropshipped to their customers. Dropshipping is remarkably convenient as you never have to worry about the packaging, shipping, or stocking up on goods and holding inventory to run your store.
This is a kind of business model where the merchant never even comes into contact with the product, as the product is directly shipped to your customers’ doorsteps by the third-party supplier.
10 Benefits of Starting a Dropshipping Business in 2021
Some people say that it is hard to have successful dropshipping stores without personal skills or knowledge. In contrast, with the market being so saturated, others are 100% sure that it is entirely useless to compete against the big fish.
Ultimately, everyone assumes that it is complicated and challenging to start a dropshipping business in 2021 or any given point of time in the future, making most of them give up on this idea. But that’s not really the case.
We have rounded up 10 benefits of starting a dropshipping store in 2021 to help you weigh on your decision.
- There is almost no risk involved
You do not need hundreds and thousands of dollars to create and initiate a dropshipping website, nor is there a need to manufacture the products you will sell. Being a dropshipper requires you to resell the products that are manufactured and distributed by other companies. The bare minimum to get started with dropshipping is having an internet connection and a computer.
There is also no need to invest so much money to buy large quantities of goods and rent a warehouse for storage purposes. So, dropshipping requires minimal investment and the least amount of risk to start, making it a crucial benefit for dropshippers.
2. You can convert your hobby into a potential source of income.
Dropshipping is a kind of business that aids you in living your life-long dream. There is nothing to stop you from launching a dropshipping business on a wide array of relevant topics. You can set up a store based on whatever you enjoy doing and target a group of like-minded individuals with similar interests.
3. You don’t need to treat it as a full-time job.
Dropshipping also doesn’t require investing all of your efforts and time in managing the store. You can still keep your job and manage this business. With a horde of automated solutions available, you can easily and automatically fulfill most of your tasks and save plenty of time for other things that need your individual attention and personal approach.
4. You can follow the trend
Since you won’t be sinking in whatever you have into manufacturing one product item or line, dropshipping gives you the freedom to see where your business takes you. If the sale of one product begins to hamper, you can just include another product to replace it.
5. You can easily find helpful guides and other means of help
The internet is filled with a plethora of dropshipping content, but there is no denying that most of the dropshipping methods are a tad inconsistent. This is where the experience and mentorship of successful dropshippers can be of help for new and emerging dropshippers.
Luckily, you can find a sufficient amount of guides, educational materials, and valuable insights from successful dropshippers regarding their business journey to help you solve your queries.
6. You still have time to join the community
On the one hand, the dropshipping business has gained quite a lot of maturity. You can find many entrepreneurs sharing their success stories and check out their real-life examples to learn the potential and expectations you can hold from dropshipping.
On the other hand, the dropshipping business isn’t still quite oversaturated. Hence, dropshipping still holds significant potential for growth and development, particularly in booming countries, making it all the more beneficial for you to become a part of this field this year.
7. Dropshipping will teach you valuable skills
The best part about dropshipping is that even if you consider calling it quits at some time, it still won’t leave you empty-handed. Besides the profits you make and the money you earn, you will be left with a lot more: analytical, technical, and marketing experience, skills, and knowledge that can be very handy for full-time jobs.
8. You can turn your dropshipping store into something much bigger
The founder of Amazon, Jeff Bezos, clearly had no idea that he would create an unprecedented e-commerce domain and become one of the wealthiest person of all by 2019.
He also started an online store named Amazon from scratch and now stands as the ultimate source of inspiration and role model for millions of peoples across the globe. You can also check out the story of Tony Heish, the founder of Zappos, and see what he managed to achieve.
So, there are certainly no limits in the dropshipping business. You also have a fair chance to start from scratch and establish a big brand and touch the heights you have never even dreamed of. This can be the ultimate starting point to change your life, so why not consider giving it a shot?
9. You have thousands of vacant niches to choose from
Dropshipping allows you to choose from a massive selection of products, with millions of product items to choose from. This enables you to create a unique product offer and search for a distinctive and explicit product niche that nobody has yet taken.
Moreover, treat your webstore design carefully to up your chances of creating an unmatched shopping destination that is atmospheric and exclusive enough to stand out and outperform your competitors.
10. You can satisfy your customers very quickly
Dropshipping even lets you test out relevant products that people might be interested in buying. You can expand your online store to meet their needs and demands instantly and provide a few sidelines they probably didn’t realize they needed.
Watch Our Podcast Episode 1 – Why You Should Get Into Dropshipping
About Launchers Academy
If you are facing trouble in starting your dropshipping business, look no further. Learn how to find winning products and launch a winning store with Launchers Academy in just 90 days! Launchers Academy is an academy that we, a group of dropshippers, have built for dropshippers like you.
Our proven methods and strategies are guaranteed to provide you an easy and holistic step-by-step process so that you have all that is needed to commence and scale your dropshipping business. With 24/7 support and a complete hands-on approach that we provide to our clients, you can rest assured that you can be on the road to success in no time.